Playfab, Inc., Corporation just filed form D because of $4.00 million equity financing. This is a new filing. Playfab was able to finance itself with $3.15 million so far. That is 78.85% of the fundraising. The total financing amount was $4.00 million. The financing document was filed on 2016-11-30. The reason for the financing was: unspecified. The fundraising still has about $845,806 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Playfab is based in Washington. The company’s business is Other Technology. The SEC form was filed by James Gwertzman Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 1601 2Nd Ave, Ste. 700, Seattle, Wa, Washington, 98101. James Gwertzman is the related person in the form and it has address: C/O Playfab, Inc., 1601 2Nd Ave, Ste. 700, Seattle, Wa, Washington, 98101. Link to Playfab Filing: 000160384216000005.
Analysis of Playfab Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Playfab sold 78.85% of the offering. The fundraising is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The total amount raised is 104.82% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising was set at $0. If you know more about the reasons for the financing, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Playfab Also
The Form D signed by James Gwertzman might help Playfab, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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